South Bronx

101 Lincoln Avenue and 2401 Third Avenue

SP has partnered with Chetrit Group to buy approximately 5 acres along an industrial stretch of the Harlem River west of the Major Deegan Expressway – 101 Lincoln Avenue and 2401 Third Avenue. SP and Chetrit are developing a residential community with market-rate apartments, ground-floor retail space, and a waterfront promenade. ┬áThe development will consist of approximately 1,700 residential units, a retail component and a waterfront promenade. Residential units will consist of rentals and condominiums.